Market trends - Index rally
27/10/2022

Summary

- The stock market rallied strongly today. Most of the industry groups traded in the green.

- At the end of the session, the VN-Index gained 34.65 points (+3.49%), reaching 1028.01 points; HNX-Index also increased by 7.68 points (+3.73%), reaching 213.6 points.

- From the technical perspective, The index can't stay out of phase forever in the context of global stocks rallying when the USD and bond yields cooled down recently. The strong rise today partially offset the sharp decline of the previous market. However, the index is still quite close to resistance around 1,040 – 1,050 points, corresponding to 10-day MA. Therefore, investors can reduce the proportion of stocks and limit excitement.

Category
Daily
Author
Le Tran Khang
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